Braemar Hotels & Resorts Inc - Understand $bhr stock

$BHR Market Cap: $250.1 Million

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Financial Snapshot

Revenue

$732.6M

TTM

Gross Margin

69.9%

TTM

Net Earnings

-$14.16M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$2.178B

Q3 2024

Total Liabilities

$1.412B

Q3 2024

Book Value

$765.8M

Q3 2024

Cash

$168.7M

Q3 2024

P/E

-17.67

Nov 13, 2024 EST

Free Cash Flow

$11.12M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$739.3M	$669.6M	$427.5M	$227.0M	$487.6M	$431.4M	$414.1M	$405.9M	$349.5M	$307.3M	$233.5M	$221.2M	$192.0M	$172.8M	$174.9M
YoY Change	10.42%	56.61%	88.37%	-53.45%	13.03%	4.19%	2.02%	16.11%	13.74%	31.61%	5.56%	15.2%	11.11%	-1.2%	-19.03%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$739.3M	$669.6M	$427.5M	$227.0M	$487.6M	$431.4M	$414.1M	$405.9M	$349.5M	$307.3M	$233.5M	$221.2M	$192.0M	$172.8M	$174.9M
Cost Of Revenue	$227.9M	$192.2M	$129.6M	$92.00M	$323.6M	$272.6M	$271.6M	$262.6M	$86.70M	$75.20M	$58.10M	$56.10M	$47.50M	$43.30M	$47.40M
Gross Profit	$511.4M	$477.4M	$298.0M	$135.0M	$164.0M	$158.8M	$142.5M	$143.3M	$262.8M	$232.1M	$175.4M	$165.1M	$144.4M	$129.5M	$127.6M
Gross Profit Margin	69.17%	71.29%	69.7%	59.48%	33.63%	36.8%	34.41%	35.3%	75.18%	75.53%	75.12%	74.64%	75.21%	74.94%	72.96%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$334.2M	$302.1M	$201.2M	$133.1M	$216.3M	$184.3M	$188.1M	$193.1M	$154.6M	$133.3M	$110.5M	$103.7M	$90.20M	$84.70M	$81.90M
YoY Change	10.6%	50.18%	51.15%	-38.47%	17.36%	-2.02%	-2.59%	24.9%	15.98%	20.63%	6.56%	14.97%	6.49%	3.42%	-12.78%
% of Gross Profit	65.34%	63.29%	67.51%	98.59%	131.89%	116.08%	132.03%	134.78%	58.83%	57.43%	63.0%	62.81%	62.47%	65.41%	64.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$93.27M	$78.00M	$73.00M	$72.80M	$69.50M	$56.80M	$52.10M	$45.70M	$43.60M	$40.50M	$30.70M	$29.40M	$29.82M	$31.26M	$34.20M
YoY Change	19.58%	6.85%	0.27%	4.75%	22.36%	9.02%	14.0%	4.82%	7.65%	31.92%	4.42%	-1.41%	-4.61%	-8.6%	-2.84%
% of Gross Profit	18.24%	16.34%	24.5%	53.93%	42.38%	35.78%	36.57%	31.9%	16.59%	17.45%	17.5%	17.81%	20.65%	24.14%	26.8%
Operating Expenses	$449.8M	$409.1M	$297.6M	$224.9M	$307.0M	$261.7M	$254.5M	$253.9M	$216.3M	$186.5M	$142.5M	$133.3M	$120.1M	$115.9M	$116.1M
YoY Change	9.94%	37.47%	32.32%	-26.74%	17.31%	2.83%	0.24%	17.38%	15.98%	30.88%	6.9%	10.99%	3.62%	-0.17%	-10.14%
Operating Profit	$61.67M	$68.39M	$1.449M	-$79.85M	$64.40M	$65.83M	$62.64M	$73.50M	$45.98M	$43.75M	$19.41M	$31.81M	$24.30M	$13.60M	$11.50M
YoY Change	-9.83%	4620.01%	-101.81%	-223.98%	-2.16%	5.09%	-14.78%	59.87%	5.09%	125.4%	-38.97%	30.89%	78.68%	18.26%	-62.42%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	-$88.73M	-$44.86M	-$31.07M	-$40.20M	-$46.90M	-$56.40M	-$30.60M	-$44.80M	-$51.60M	-$39.10M	-$33.00M	-$31.20M	-$31.80M	-$31.90M	-$32.10M
YoY Change	97.82%	44.36%	-22.7%	-14.29%	-16.84%	84.31%	-31.7%	-13.18%	31.97%	18.48%	5.77%	-1.89%	-0.31%	-0.62%	-7.49%
% of Operating Profit	-143.88%	-65.59%	-2144.44%		-72.82%	-85.68%	-48.85%	-60.95%	-112.23%	-89.37%	-170.02%	-98.09%	-130.86%	-234.56%	-279.13%
Other Income/Expense, Net	$293.0K	$0.00	$0.00	-$5.100M	-$13.90M	-$300.0K	-$400.0K	-$200.0K	$1.200M	$0.00		$0.00	$9.700M	$0.00	$0.00
YoY Change			-100.0%	-63.31%	4533.33%	-25.0%	100.0%	-116.67%				-100.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$27.94M	$23.39M	-$31.59M	-$129.1M	$2.960M	$5.017M	$27.80M	$25.89M	-$4.428M	$4.635M	-$15.59M	$591.0K	$2.300M	-$18.30M	-$20.60M
YoY Change	-219.44%	-174.05%	-75.53%	-4460.91%	-41.0%	-81.95%	7.37%	-684.78%	-195.53%	-129.74%	-2737.06%	-74.3%	-112.57%	-11.17%	402.44%
Income Tax	$2.689M	$4.043M	$1.324M	-$4.406M	$1.764M	$2.432M	-$522.0K	$1.574M	$263.0K	$1.097M	$2.343M	$4.384M	$2.600M	$600.0K	$600.0K
% Of Pretax Income		17.28%			59.59%	48.48%	-1.88%	6.08%		23.67%		741.79%	113.04%
Net Earnings	-$74.04M	$17.76M	-$26.66M	-$105.3M	$371.0K	$1.320M	$23.02M	$19.32M	-$6.712M	$1.939M	-$11.78M	-$4.545M	$600.0K	-$16.90M	-$20.60M
YoY Change	-516.87%	-166.61%	-74.67%	-28472.51%	-71.89%	-94.27%	19.19%	-387.78%	-446.16%	-116.46%	159.23%	-857.5%	-103.55%	-17.96%	274.55%
Net Earnings / Revenue	-10.01%	2.65%	-6.24%	-46.38%	0.08%	0.31%	5.56%	4.76%	-1.92%	0.63%	-5.05%	-2.05%	0.31%	-9.78%	-11.78%
Basic Earnings Per Share	-$1.13	-$0.15	-$0.76	-$3.39	-$0.32	-$0.19	$0.52	$0.57	-$0.34	$0.08	-$0.73	-$0.28
Diluted Earnings Per Share	-$1.12	-$0.15	-$0.76	-$3.39	-$0.32	-$0.19	$0.51	$0.55	-$0.34	$0.07	-$0.73	-$0.28	$37.27K	-$1.050M	-$1.280M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Cash & Short-Term Investments	$85.60M	$261.5M	$216.0M	$78.60M	$72.00M	$182.6M	$137.5M	$126.8M	$105.0M	$171.4M	$143.8M	$20.30M	$16.50M
YoY Change	-67.27%	21.08%	174.81%	9.17%	-60.57%	32.8%	8.44%	20.76%	-38.74%	19.19%	608.37%	23.03%
Cash & Equivalents	$85.60M	$261.5M	$216.0M	$78.60M	$72.00M	$182.6M	$137.5M	$126.8M	$105.0M	$171.4M	$143.8M	$20.30M	$16.50M
Short-Term Investments
Other Short-Term Assets	$9.938M	$7.044M	$4.352M	$4.400M	$5.000M	$4.400M	$3.700M	$3.700M	$3.100M	$2.400M	$2.200M	$1.400M	$1.600M
YoY Change	41.08%	61.86%	-1.09%	-12.0%	13.64%	18.92%	0.0%	19.35%	29.17%	9.09%	57.14%	-12.5%
Inventory	$5.003M	$5.238M	$3.128M	$2.600M	$2.800M	$1.900M	$1.400M	$1.500M	$1.500M	$700.0K	$300.0K	$300.0K	$300.0K
Prepaid Expenses
Receivables	$39.20M	$51.45M	$23.70M	$13.60M	$19.10M	$12.70M	$14.30M	$18.20M	$13.40M	$12.40M	$7.000M	$5.900M	$6.500M
Other Receivables	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$139.7M	$325.3M	$247.2M	$99.20M	$98.90M	$201.6M	$156.9M	$150.2M	$123.0M	$186.9M	$153.3M	$27.90M	$24.90M
YoY Change	-57.04%	31.59%	149.17%	0.3%	-50.94%	28.49%	4.46%	22.11%	-34.19%	21.92%	449.46%	12.05%
Property, Plant & Equipment	$1.963B	$1.964B	$1.526B	$1.506B	$1.564B	$1.300B	$1.146B	$1.015B	$1.092B	$990.3M	$765.3M	$771.9M	$789.2M
YoY Change	-0.07%	28.7%	1.34%	-3.71%	20.32%	13.45%	12.94%	-7.05%	10.22%	29.4%	-0.86%	-2.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.674M	$1.689M	$1.689M	$1.700M	$1.900M	$11.90M	$18.10M	$8.400M	$58.70M	$0.00
YoY Change	-0.89%	0.0%	-0.65%	-10.53%	-84.03%	-34.25%	115.48%	-85.69%
Other Assets	$80.98M	$54.16M	$47.38M	$34.50M	$58.40M	$75.90M	$48.50M	$38.90M	$33.90M	$30.90M	$10.00M	$19.00M	$14.10M
YoY Change	49.53%	14.31%	37.32%	-40.92%	-23.06%	56.49%	24.68%	14.75%	9.71%	209.0%	-47.37%	34.75%
Total Long-Term Assets	$2.087B	$2.072B	$1.632B	$1.575B	$1.660B	$1.435B	$1.267B	$1.107B	$1.230B	$1.039B	$809.1M	$819.4M	$838.5M
YoY Change	0.71%	26.96%	3.65%	-5.13%	15.69%	13.26%	14.47%	-10.0%	18.35%	28.43%	-1.26%	-2.28%
Total Assets	$2.227B	$2.398B	$1.880B	$1.674B	$1.759B	$1.637B	$1.424B	$1.257B	$1.353B	$1.226B	$962.4M	$847.3M	$863.4M
YoY Change
Accounts Payable	$149.9M	$134.0M	$96.32M	$61.80M	$94.90M	$64.10M	$56.80M	$44.80M	$43.60M	$29.30M	$17.30M	$18.10M	$16.40M
YoY Change	11.86%	39.1%	55.85%	-34.88%	48.05%	12.85%	26.79%	2.75%	48.81%	69.36%	-4.42%	10.37%
Accrued Expenses	$60.38M	$60.69M	$60.94M	$60.90M	$61.10M
YoY Change	-0.52%	-0.4%	0.06%	-0.33%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$223.1M	$215.0M	$161.5M	$129.6M	$171.2M	$78.50M	$68.40M	$58.40M	$55.10M	$35.10M	$32.20M	$18.70M	$17.10M
YoY Change	3.78%	33.09%	24.62%	-24.3%	118.09%	14.77%	17.12%	5.99%	56.98%	9.01%	72.19%	9.36%
Long-Term Debt	$1.162B	$1.334B	$1.173B	$1.131B	$1.059B	$985.9M	$821.0M	$764.6M	$835.6M	$761.7M	$621.9M	$570.8M	$578.0M
YoY Change	-12.87%	13.77%	3.72%	6.81%	7.36%	20.09%	7.38%	-8.5%	9.7%	22.48%	8.95%	-1.25%
Other Long-Term Liabilities	$22.77M	$22.63M	$21.47M	$18.10M	$17.50M	$29.00M	$5.200M	$5.100M	$5.000M	$5.200M	$5.200M	$5.400M	$5.300M
YoY Change	0.62%	5.39%	18.61%	3.43%	-39.66%	457.69%	1.96%	2.0%	-3.85%	0.0%	-3.7%	1.89%
Total Long-Term Liabilities	$1.185B	$1.357B	$1.194B	$1.149B	$1.076B	$1.015B	$826.2M	$769.7M	$840.6M	$766.9M	$627.1M	$576.2M	$583.3M
YoY Change	-12.64%	13.62%	3.96%	6.76%	6.02%	22.84%	7.34%	-8.43%	9.61%	22.29%	8.83%	-1.22%
Total Liabilities	$1.432B	$1.596B	$1.375B	$1.291B	$1.283B	$1.133B	$936.4M	$882.2M	$951.6M	$947.1M	$816.4M	$607.4M	$614.4M
YoY Change	-10.29%	16.05%	6.54%	0.62%	13.23%	20.98%	6.14%	-7.29%	0.48%	16.01%	34.41%	-1.14%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	65.99M shares	69.69M shares	52.68M shares	34.00M shares	32.29M shares	31.94M shares	30.47M shares	26.65M shares	25.89M shares	24.47M shares	16.05M shares	16.05M shares
Diluted Shares Outstanding	65.99M shares	69.69M shares	52.68M shares	34.00M shares	32.29M shares	31.94M shares	34.71M shares	31.20M shares	25.89M shares	33.33M shares	16.05M shares	16.05M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $250.12 Million

About Braemar Hotels & Resorts Inc

Braemar Hotels & Resorts, Inc. is a real estate investment trust, which engages in investing in luxury hotels and resorts. The company is headquartered in Dallas, Texas. The company went IPO on 2013-11-06. Its business objectives are to generate attractive returns on its invested capital and long-term growth in cash flow to maximize total returns to its stockholders. The firm operates in the direct hotel investment segment of the hotel lodging industry. The company owns interests in 16 hotel properties in seven states, the District of Columbia, Puerto Rico and St. Thomas, U.S. Virgin Islands with 4,192 total rooms, or 3,957 net rooms. The hotel properties in its portfolio are predominantly located in the United States urban and resort locations. The company also owns 14 of its hotel properties directly, and the remaining two hotel properties through an investment in a majority-owned consolidated joint venture entity. All of the hotel properties in its portfolio are asset-managed by Ashford LLC. The firm's hotel properties include Capital Hilton, The Clancy, The Notary Hotel and others.

Industry: Real Estate Investment Trusts Peers: Ashford Hospitality Trust Inc Chatham Lodging Trust HERSHA HOSPITALITY TRUST Host Hotels & Resorts Inc Service Properties Trust InnSuites Hospitality Trust Sotherly Hotels Inc Summit Hotel Properties Inc